UK 100 INDEX

Trade_Journal

GBPUSD - Technical view: More downside to go?! Technical View: Support: 1.36830, 1.36050, 1.35310, 1.35000 Resistance:1.37930, 1.39515, 1.40455, 1.41570 Pattern: Wedge/Pennant - Broken to downside, Blue line measuring length. Bears are in control if we get a break below support area of: 1.36570 Bulls are in control if we get a break above resistance area...

Dre2476

Structure looks good. Should be a easy scalp or long hold from support at 6500.

olly48

This is making a retrace after spiking 3 days ago. I am looking for an entry around 0.5 Fibonacci as this aligns with some previous resistance although it is best to wait for confirmation as it could drop further. Once we see a rebound target will be at a new high and where it will meet resistance of 7004.

olly48

FTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.

Dre2476

Been holding this short trade since last week Monday and it seems to still be very valid. 6600-6400 seems to be a an area that price is going to find support and once it is found, a massive drive upside could be possible with new ATH for the FTSE.

olly48

This has retraced as expected to previous resistance and 0.5 Fibonacci. I will be waiting to see how this develops before entering a long as this could drop further, watch for the EMA's to cross back over or come very close to. If the price does hold this level then a target TP can be 7031.

olly48

I believe this will retrace to the previous highs between 0.5 and 0.618 of Fibonacci and find support at this level

Williamforex

Nas100 is at strong Resistance level. Resistance of this Wedge and two more resistance to Price level 12400. Not we will see at Monday Where market will move. I this it has maximum Chances that once it will go Down to the Price level 11500. Then it will start moving Up. Keep in touch we will update soon. Don't forget to push the Like button

AlanSantana

The FTSE100 (UKX) looks strongly bearish while aiming lower. We have multiple signals that support the above... 1) Prices moving below EMA10/21. 2) MACD trading below the zero line and looking weak. 3) The RSI is trending lower yet still good. 4) Bad news for UK with a new lockdown likely taking place. 5) Less political manipulation of the market allows easier...

FXKing009

I see a pullback before this thing crumbles

Trade_Journal

FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced. However, let's focus on technical aspects: We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I...

UnknownUnicorn6222992

For the first time since Covid19 lows, we have had three weeks down. This plays into near term concept of related comment, link attached. The next 1-2 weeks will give us a very good outllook into the summer/autumn period

UnknownUnicorn6222992

A key price has presented itself over the last few months. Much can be gauged from it

Signal_Centre

UK100 is Bearish - We look to Sell at 5965 ▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias. ▪️ Levels close to the 61.8% pullback level of 6000 found sellers. ▪️ Broken out of the channel formation to the downside. ▪️ We look for a re-test of the upward trending resistance. ▪️ Further downside is expected...

OguzhanSengor

I think that there will be a long-term correction wave in the global markets on a macro scale, in this context, I think we will observe a pattern in #UKX as I mentioned in the chart.. Markets will become very interesting after 3,4 months, we will wait and see.. What I wrote is about strong possibilities that most investors do not express or expect.. Please do...

Signal_Centre

UK100 is Bearish - We look to Sell at 5933 ▪️ Broken out of the channel formation to the downside. ▪️ We have a 50% Fibonacci pullback level of 5936 from 6209 to 5665. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5933,...

D1Trading

UKX

Signal_Centre

We look to Sell at 7445 Bespoke resistance is located at 7445 Positive overnight flows lead to an expectation of a firm open this morning We have a 61.8% Fibonacci pullback level of 7432 from 7729 to 7003 Although the anticipated move lower is corrective, it does offer ample risk/reward today Expect trading to remain mixed and volatile Stop: 7485 Target 1:...